Billionaire politicians have become 'shockingly common' around the world, new study finds - eviltoast
Billionaires who become politicians tend to "lean to the right ideologically," according to the research.

More than 11% of the world’s more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy.

While billionaires have had mixed success at the ballot box in the U.S., billionaires around the world have a “strong track record” of winning elections and “lean to the Right ideologically,” said the study, which is by three professors at Northwestern University.

“Billionaire politicians are a shockingly common phenomenon,” the study said. “The concentration of massive wealth in the hands of a tiny elite has understandably caused many observers to worry that the ‘super-rich have super-sized political influence.’”

  • killeronthecorner@lemmy.worldEnglish
    5·
    1 year ago

    They didn’t forget it, they discarded it when they realised a docile middle class will vote against their own self interests almost indefinitely.

    • masquenox@lemmy.worldEnglish
      11·
      1 year ago

      They didn’t forget it, they discarded it when they realised a docile middle class will vote against their own self interests almost indefinitely as long as nobody in power gives them the option of voting in their own interests.

      FTFY - it’s the only true “western” contribution to statecraft.